The quarterly net loss for truck and engine maker Navistar International Corp. widened to $62 million, or 76 cents a share, for the three months ended Jan. 31, with sales, particularly in the anemic North American new truck sales market, causing most of the problems.
March 7, 2017Business
Navistar Promotes Persio Lisboa to Chief Operating Officer
Navistar International Corp. appointed Persio Lisboa to the position of chief operating officer, where he will oversee Navistar's operations, global and sales functions, effective immediately.
March 6, 2017Business
Clarke: Brace for Change
NASHVILLE, Tenn. — The business world of 2030 could be a model of orderly, incremental evolution, or it could bound off unexpectedly, forcing firms into obsolescence.
March 6, 2017Special CoverageBusiness
Navistar’s Clarke Urges Open Minds, Preparedness as a Potentially Tumultuous Future Approaches
NASHVILLE, Tenn. — The business world could evolve in an orderly, incremental fashion over the next dozen or so years, or it could bound off unexpectedly in a way that startles and flummoxes most people.
March 1, 2017Business
Navistar, Volkswagen Seal $256 Million Alliance Deal
NASHVILLE, Tenn. — Navistar International Corp. and Volkswagen’s Truck & Bus division completed their alliance announced in September, with the German automotive company acquiring 16.2 million common shares, or 16.6% of equity, and the Lisle, Illinois, truck maker getting $256 million.
March 1, 2017Business
CEO Troy Clarke Adds Chairman Title at Navistar
Navistar International Corp. CEO Troy Clarke is now also chairman of the company’s board of directors, the original equipment manufacturer said Feb. 21.
February 22, 2017Business
Navistar Completes Repricing of $1 Billion Loan
Navistar International Corp. announced it has completed the repricing of subsidiary Navistar Inc.'s existing $1 billion senior secured term loan.
February 9, 2017Business
Navistar Seeks to Reprice $1 Billion Loan
Navistar International Corp. announced that, subject to market conditions, the company and its wholly-owned subsidiary Navistar Inc. are seeking to reprice Navistar Inc.'s existing approximately $1 billion senior secured term loan under Navistar Inc.'s Senior Secured Term Loan Credit Facility.
February 2, 2017Business
Navistar Plans to Issue Additional Notes at 8.25%
Navistar International Corp., the parent company for the International trucks brand, announced plans Jan. 12 to issue, subject to market conditions, $200 million of its 8.25% senior notes due 2021.
January 13, 2017Business
Navistar Trims Net Losses in 4Q, Fiscal 2016
Truck and engine maker Navistar International Corp. reported lower net losses, year-over-year, for its fourth quarter and 2016 fiscal year ended Oct. 31.
January 2, 2017